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Index Trend Analysis Report

Prepared for you on Monday, May 23, 2022.

S&P GSCI Wheat (CME:SPGSWH)

Countertrend Up (+85) - SPGSWH is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

Is it time to buy, sell, or avoid SPGSWH?

MarketClub looks at technical strength and momentum to determine if the timing is right for SPGSWH.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

CME_SPGSWH
Open High Low SPGSWH Price Change
800.85 811.70 798.13 807.12 +14.08
Entry Signal

MarketClub’s Trade Triangles for SPGSWH

long term up The long-term trend has been UP since Aug 27th, 2020 at 374.22

intermediate term up The intermediate-term trend has been UP since May 12th, 2022 at 775.74

short term down The short-term trend has been DOWN since May 20th, 2022 at 808.14

Smart Scan Analysis for SPGSWH

Based on our trend formula, SPGSWH is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for SPGSWH
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
800.85 811.70 798.13 807.12 +14.08
Prev. Close Volume Bid Ask Time
793.04 0 2022-05-23 13:31:50
52wk High402.20552wk High Date2018-08-02
52wk Low278.54152wk Low Date2017-12-12
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